QtrendsFormer Fed Chair Alan Greenspan dies at 100
Alan Greenspan, who served as chairman of the Federal Reserve for nearly two decades, has died at the age of 100. Greenspan oversaw the US economy through periods of boom and crisis, including the dot-com bubble and the 2008 financial crisis. His tenure was marked by both acclaim for economic stewardship and criticism for regulatory policies that some say contributed to the housing bubble. Tributes have poured in from across the political and financial world.
China has announced a series of economic measures targeting the United States, including adding 10 US entities to its export control list and banning government procurement from 46 US companies. At the same time, China is tightening its grip on rare earth supplies, threatening a new trade clash. In a separate move, Beijing said it will back qualified foreign firms for listings on domestic markets, signaling a calibrated approach that combines restriction with selective opening.
High-level negotiations between the United States and Iran have concluded in Switzerland, with mediators reporting constructive outcomes. US Vice President JD Vance hailed 'great progress' in the talks, while a former Trump official described the emerging framework as 'enormously helpful' to Iran. The diplomatic engagement represents a significant step in US-Iran relations and is already impacting global energy markets.
Oil prices have dropped below $80 per barrel as progress in US-Iran negotiations raises the prospect of increased supply. US gasoline prices have also dipped below $4, offering relief to consumers. However, some traders worry that markets have moved too quickly, with tech stocks weighing on a mixed Wall Street session. The decline in energy costs is providing a tailwind for consumer spending even as broader market uncertainties persist.